Fact Patter 41-2APetro Drilling Corporation combines its assets and debts with those of Oil Refining Company to form New Energy, Inc.Refer to Fact Pattern 41-2A. The formation of New Energy is
A. a consolidation.
B. a share exchange.
C. a liquidation.
D. a merger.
Answer: A
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Which of the following is a difference in the views of Keynesian and classical economists?
A. Keynesians believe that prices and wages adjust quickly, whereas the classicals believe they adjust slowly. B. Keynesians believe that policymakers have full knowledge about the state of an economy, whereas the classicals believe they don't. C. Keynesians believe that policymakers cannot offset shocks to an economy, whereas the classicals believe they can. D. Keynesians believe that most shocks to an economy are to long-run aggregate supply, whereas the classicals believe the shocks are to aggregate demand.
Which of the following is an alternative when original documents are too voluminous to permit careful examination?
a. A photocopy of the original document will suffice. b. It will have to be excluded from usage as evidence. c. A summary of its contents is acceptable. d. There are no alternatives. The original has to be produced.
If an agent negligently causes harm while working for a principal, the agent alone must pay the damages for the harm caused
Indicate whether the statement is true or false
Under best efforts underwriting, the underwriter
A) pays for the entire security issue. B) sells the security on a commission basis. C) spreads the risk among different brokerage houses. D) makes a special appeal to the Securities and Exchange Commission to delay the issue.